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LEILATE HESSAGE WW INSTRUCTOR STAR VIEW RACE Exercise 197 Matlock Company reported net income of $300,000 for the current year. Depreciation recorded on buildings and

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LEILATE HESSAGE WW INSTRUCTOR STAR VIEW RACE Exercise 197 Matlock Company reported net income of $300,000 for the current year. Depreciation recorded on buildings and equipment amounted to $82,000 for the year. Belanom of the current stand current liability accounts at the beginning and end of the year are as follows End of Year Beginning of Year Cash $27,500 $16,000 Accounts receivable 18.500 40,000 Inventory 50,000 63,500 Prepaid insurance 7,200 6,800 Accounts payable 11,500 16,400 Income taxes payable 730 1,140 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method, (Show amounts that decrease cash flow with other. 15.000 or in parenthesise.g. (15,000).) METLOCK COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to . Click if you would like to show Work for this questioni Open Show. Work

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